Edgestream Partners L.P. Makes New $3.64 Million Investment in Johnson Controls International plc (NYSE:JCI)

Edgestream Partners L.P. purchased a new position in Johnson Controls International plc (NYSE:JCI) during the 3rd quarter, HoldingsChannel reports. The firm purchased 46,918 shares of the company’s stock, valued at approximately $3,641,000.

Several other institutional investors also recently added to or reduced their stakes in JCI. Cetera Investment Advisers increased its position in shares of Johnson Controls International by 470.9% during the first quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after purchasing an additional 130,308 shares during the period. Cetera Advisors LLC increased its position in shares of Johnson Controls International by 174.9% during the first quarter. Cetera Advisors LLC now owns 15,671 shares of the company’s stock valued at $1,024,000 after purchasing an additional 9,971 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Johnson Controls International by 101.4% during the first quarter. EverSource Wealth Advisors LLC now owns 977 shares of the company’s stock valued at $64,000 after purchasing an additional 492 shares during the period. Transcend Capital Advisors LLC increased its position in shares of Johnson Controls International by 28.8% during the second quarter. Transcend Capital Advisors LLC now owns 4,442 shares of the company’s stock valued at $295,000 after purchasing an additional 994 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Johnson Controls International by 64.4% during the second quarter. GAMMA Investing LLC now owns 7,852 shares of the company’s stock valued at $522,000 after purchasing an additional 3,077 shares during the period. 90.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JCI has been the topic of a number of research reports. StockNews.com cut Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their price target on Johnson Controls International from $84.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price target on Johnson Controls International from $81.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, November 7th. Mizuho boosted their price target on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird boosted their price target on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.21.

Johnson Controls International Trading Up 0.2 %

Shares of JCI opened at $83.86 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International plc has a 12-month low of $51.70 and a 12-month high of $87.16. The firm has a market capitalization of $55.53 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The stock’s fifty day simple moving average is $79.17 and its 200-day simple moving average is $73.09.

Johnson Controls International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is presently 58.27%.

Insider Activity

In related news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total value of $8,494,125.85. Following the completion of the sale, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $95,507,639.29. This represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the sale, the chief operating officer now owns 143,488 shares of the company’s stock, valued at $10,438,752. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 741,829 shares of company stock valued at $59,952,007 over the last 90 days. 0.69% of the stock is owned by company insiders.

Johnson Controls International Profile

Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.